GST on all restaurants reduced!
The GST is being reduced on AC and non-AC restaurants to 5%. The decision has been taken by the GST Council on Friday.
This is good news for people who like eating out as the GST had made food expensive.
After the GST came into effect, the tax rates for non-AC restaurants attracted 12% GST and air-conditioned restaurants attracted 18% GST.
Now all will be have a standard GST rate of 5%.
Hotels which charge room rent over ₹7,500 per day will continue to attract 18% GST.
Apart from this, another 178 items in the 28 % tax bracket, have been put into lower tax category of 18 %. Items like tobacco, cigarettes, cement and paints continue to remain in the 28% slab.